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HB 547 - Extends the State Earned Income Tax Credits Permanently - Maryland Key Vote

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Title: Extends the State Earned Income Tax Credits Permanently

Signed by Governor Wes Moore


See How Your Politicians Voted

Title: Extends the State Earned Income Tax Credits Permanently

Vote Smart's Synopsis:

Vote to pass a bill that permanently extends the Earned Income Tax Credits first started in the wake of COVID-19 pandemic.

Highlights:

  • Amends, beginning with a certain taxable year, the percentage of the federal earned income tax credit used for determining the amount that an individual  may claim as a refund under the Maryland earned income tax credit under certain circumstances (Sec. 1). 

  • Repeals certain limitations on the amount certain individuals may claim as a refund under the earned income tax credit (Sec. 1). 

  • Amends the definition of “qualified child” and income eligibility requirements for purposes of qualifying for a certain credit against the State income tax for certain dependent children (Sec. 1). 

  • Repeals certain provisions of law reducing the amount of the credit under certain circumstances (Sec. 1). 

  • Authorizes certain residents to continue to claim the credits after a certain taxable year (Sec. 1).

Full Bill Text

See How Your Politicians Voted

Title: Extends the State Earned Income Tax Credits Permanently

Vote Smart's Synopsis:

Vote to pass a bill that permanently extends the Earned Income Tax Credits first started in the wake of COVID-19 pandemic.

Highlights:

  • Amends, beginning with a certain taxable year, the percentage of the federal earned income tax credit used for determining the amount that an individual  may claim as a refund under the Maryland earned income tax credit under certain circumstances (Sec. 1). 

  • Repeals certain limitations on the amount certain individuals may claim as a refund under the earned income tax credit (Sec. 1). 

  • Amends the definition of “qualified child” and income eligibility requirements for purposes of qualifying for a certain credit against the State income tax for certain dependent children (Sec. 1). 

  • Repeals certain provisions of law reducing the amount of the credit under certain circumstances (Sec. 1). 

  • Authorizes certain residents to continue to claim the credits after a certain taxable year (Sec. 1).

Full Bill Text

Title: Extends the State Earned Income Tax Credits Permanently

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